The fastest component of BMG's growth was its recorded music operation, according to Bertelsmann
BMG garnered €49 million euros in earnings before interest, taxes, depreciation and amortization on revenues of €269 million for the six-month period ended June 30, 2019, according to the company's earnings announcement.
Bertelsmann said that the fastest component of BMG's growth was its recorded music operation, but also noted that its publishing business also showed strong revenue increases. Overall, the company said digital formats are driving growth in both businesses and now comprise 56% or revenue, or about €150 million .
Also, within recorded music, Black Sabbath extended its deal with BMG; and the company launched the Trojan Jamaica label.
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